July 30, 2024


Live Webcast


NYSED 4

S Corporation Taxation: Advanced Issues Webcast

This course goes beyond the basics and addresses important practical issues that an experienced practitioner must know about S corporations.

July 30, 2024
Live Webcast
NYSED 4
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    Instructor

    Arthur
    Auerbach

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Learning Objectives

  • Examine operational issues, keeping track of AAA, and how to calculate basis, apply distribution rules, and avoid loss limitations
  • Describe corporate level taxes
  • Describe the rules governing the redemption and liquidation of an S corporation
  • Examine the issues in compensation planning in S corporations, including limitations in a family-controlled business, in particular after criticism of the Treasury Inspector General for Tax Administration of the IRS efforts to address underreporting of S corporation officer compensation
  • Be familiar with the results of the case studies that reinforce key learning points

Major Topics

  • Detailed rules governing basis in the shareholder’s debt and stock
  • AAA
  • Built-in gains incurred from the sale of assets
  • Redemptions and liquidations
  • Compensation planning for shareholders, including planning strategies under the SECURE Act
  • Tax Cuts and Jobs Act of 2017 and the various stimulus acts, as applicable

CPE Credits Available

NYSED 4
4
Taxation (NYSED) - NYSED

Things to Know About This Course

Course Level

  • Advanced

Professional Area of Focus

  • Taxation (NYSED)

Prerequisites

Experience in S corporation tax return preparation

Advanced Preparation

Experience in S corporation tax return preparation

Intended Audience

Accounting and Financial Professionals whose practices include S corporations and their shareholders

Provider

Surgent McCoy CPE LLC

This event has ended.